Can tools like the Rectangle and Oval have snapback to the Arrow tool, like Flash? And the text tool, can it be used like Flash (or Photoshop), where you click and stretch the size of the text rectangle, and then you are typing within it? Currently, you have to select the properties to edit the text.

I think these kinds of requests are all planned to appear in the app, eventually. Remember that Flash Catalyst is a beta preview of a version 1.0 product -- so there's lots of things like what you mention that need to be worked in.

I think listing these items is great, as it allows Adobe to document the requests and hopefully get them into the pipeline.